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What is an IRDAI Assistant Manager?
The Insurance Regulatory and Development Authority of India (IRDAI) is the apex organisation that regulates and develops the insurance plan enterprise in India. IRDAI Assistant Manager is a primary role in IRDAI. Assistant Managers are accountable for supporting their senior administration in carrying out several works of IRDAI, such as coverage formulation, regulation, and supervision of the insurance plan industry.
Eligibility criteria for IRDAI Assistant Manager
The following are the eligibility criteria for IRDAI Assistant Manager:
• Nationality: Indian
• Age (in years): 21–30
• Educational qualification: Bachelor’s degree (any discipline from a recognized university)
Exam pattern for IRDAI Assistant Manager
The IRDAI Assistant Manager exam is generally conducted in two parts:
• Part 1: Objective-type exam
• Part 2: Descriptive exam and interview
Important dates for the IRDAI Assistant Manager
The important dates for IRDAI Assistant Manager will be as follows:
• Online application start date: April
• Online application end date: May
• Phase 1 exam date: June
• Phase 2 exam date: August
How to prepare for IRDAI Assistant Manager?
Step 1: Understand the syllabus and examination pattern
The first step is to understand the syllabus and examination pattern for the SSC Head Constable (Ministerial) exam. This will assist you in focusing your attention on your preparation and making sure that you are covering all of the applicable topics. You can discover the syllabus and examination pattern on the reliable SSC website.
Step 2: Create a study plan
Once you recognize the syllabus and examination pattern, you must create a plan. This will help you remain geared up and on track. Your findings about design must encompass time for every issue as well as time for revision and mock tests.
Step 3: Collect study materials
There are a wide variety of books and online assets on hand to help you prepare for the IRDAI Assistant Manager exam. You can additionally buy the preceding year’s question papers and mock checks to practice.
Step 4: Start your preparation
Once you have gathered your study materials, it is time to begin your preparation. Start by going through the syllabus and figuring out the topics that you want to focus on. Then, create a plan for yourself and begin studying.
Step 5: Revise and practice
Revision is fundamental for any exam. Make certain to revise all of the matters that you have studied regularly. You have to additionally fix the preceding question papers and mock tests. This will help you get a sense of the examination sample and pick out your strengths and weaknesses.
Step 6: Stay motivated
Preparing for an examination can be challenging; however, it is important to remain motivated. Set achievable dreams for yourself and reward yourself for your achievements.
About the syllabus of the IRDAI Assistant Manager exam
The IRDAI Assistant Manager exam syllabus is divided into two parts:
• Paper 1: General awareness, quantitative aptitude, and reasoning
• Paper 2: Insurance and management
Phase 2: Descriptive paper on insurance and management
Paper 1: General awareness, quantitative aptitude, and reasoning
• Current affairs
• Science and technology
• Culture and sports
• Data interpretation
• Verbal reasoning
• Non-verbal reasoning
• Analytical reasoning
Paper 2: Insurance and management ( Descriptive paper)
• History of Insurance
• Principles of Insurance
• Types of insurance
• Insurance regulation
• Insurance products and services
• Organizational behaviour
• Human resource management
• Marketing management
• Financial management
Which books to prefer for the IRDAI Assistant Manager exam?
Here are some of the best books to prefer for the IRDAI Assistant Manager exam:
• Lucent’s General Knowledge
• Manorama Yearbook
• Pratiyogita Darpan Yearbook
• India Year Book
• Quantitative Aptitude for Competitive Examinations by R.S. Aggarwal
• The Pearson Guide to Quantitative Aptitude for Competitive Examinations by Dinesh Khattar
• Quantitative Aptitude Quantum CAT by Sarvesh K. Verma
• A Modern Approach to Verbal and Non-Verbal Reasoning by R.S. Aggarwal
• Verbal and Non-Verbal Reasoning by Arun Sharma
• Analytical Reasoning by M.K. Pandey
• Insurance Management by K.C. Mishra
• Principles of Risk Management and Insurance by G.E. Parker
• Essentials of Banking and Insurance by K.R. Subramanian
• Organizational Behavior by Stephen P. Robbins and Timothy A. Judge
• Human Resource Management by Gary Dessler
• Marketing Management by Philip Kotler and Kevin Lane Keller
• Financial Management by Eugene F. Brigham and Joel F. Houston
Common mistakes to avoid as an IRDAI assistant manager
Here are some common mistakes to avoid in the IRDAI Assistant Manager exam:
Not understanding of the syllabus and examination pattern
It is essential to recognize the syllabus and examination pattern completely before you begin getting ready for the exam. This will help you focus your attention on the right topic and keep you from losing time on subjects that are not important.
Not making a study plan
A study plan will definitely helps you to continue to be on track and make certain that you cover all of the essential topics.
Not revising regularly
It is important to revise generally to make sure that you are mindful of the principles and subjects that you have studied.
Not solving mock test
Mock checks are an extraordinary way to exercise your time-management abilities and discover any areas where you want to improve.
Not using the proper study materials
There are many books and online sources available to assist you in preparing for the IRDAI Assistant Manager exam. It is essential to accumulate the proper knowledge about substances that will assist you in covering the syllabus comprehensively.
Not starting your preparation early.
It is necessary to begin your preparation for the IRDAI Assistant Manager examination early. This will provide you ample time to cover all of the necessary subjects and to practice previous questions.
Not staying motivated
Preparing for an examination can be challenging; however, it is necessary to continue to be motivated. Set practical goals for yourself and reward yourself for your achievements. It is additionally essential to take breaks and keep away from overworking yourself.
FAQs About IRDAI Assistant Manager Exam: A Comprehensive Preparation Guide:
Q: Is there any negative marking in the IRDAI Assistant Manager exam?
A: Yes, there is a negative marking in the IRDAI Assistant Manager exam. A 1/4th mark will be deducted for each wrong answer.
Q: What is the language of the IRDAI Assistant Manager exam?
The IRDAI Assistant Manager examination is carried out in both English and Hindi. However, the English language check will be performed solely in English.
Q: What is the minimum passing percentage in the IRDAI Assistant Manager exam?
A: The minimum passing percentage in the IRDAI Assistant Manager exam is 40% for general/OBC candidates and 35% for SC/ST/PWD candidates.
Q: What is the selection process for the IRDAI Assistant Manager exam?
A: The selection process for the IRDAI Assistant Manager exam is as follows:
1. Phase 1: Objective-type exam
2. Phase 2: Descriptive exam and interview
Candidates who qualify in Phase 1 will be eligible for Phase 2. The final result will be primarily based on the overall performance of the candidates in Phase 1 and Phase 2.
Q: What are the career prospects for IRDAI assistant managers?
A: IRDAI Assistant Managers have good career prospects. They can be promoted to the posts of senior assistant manager, deputy manager, and assistant general manager in the future. They can also apply for other posts in the insurance industry, such as underwriter, claims officer, and marketing officer.
The IRDAI Assistant Manager Examination is a competitive examination that give opportunities to candidates the for beginning their profession in the insurance plan industry; however, it is possible to crack it with the proper preparation. By following the suggestions and tips mentioned in this blog, candidates can increase their probability of success in the examination and obtain their desired goals.